Given
new balance = previous balance + finance charge + purchases - payments
previous balance = $34.80
finance charge = $0.75
purchases = $83.21
payments = $5.50
Find
new balance
Solution
Fill in the given information and do the arithmetic.
... new balance = previous balance + finance charge + purchases - payments
... new balance = $34.80 + 0.75 + 83.21 - 5.50
... new balance = $113.26 . . . . matches the 2nd choice